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20121128
20121206
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KCSM (PBS) 12
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Search Results 0 to 11 of about 12
PBS
Nov 27, 2012 6:30pm PST
to go into the real economy. >> as we saw in our report, greeks are out protesting against this deal. what with the public like to see instead? >> i think the biggest thing they would like is some sense that the unemployment issue is going to be addressed. the protests we saw today were mainly involving municipal workers, city hall workers. not just in athens, as about 2/3 of city halls around the country were shut. many of those workers will be laid off between now and the end of the year. the government is finding it very hard to get the mayors of those city halls to send in the list of names of people who have to be laid off. >> thanks so much for the update. germany is a top lender to greece, and lawmakers are expected to approve the release of berlin's contribution immediately. still, there are deep suspicions that talks of a debt write-down have been delayed until after next year's german elections. >> the deal would be put to vote on thursday or friday. >> it is not an easy sell for the defense of the idea of letting greece buy back its bonds at below market value. >> it is im
PBS
Nov 27, 2012 7:00pm PST
want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing funds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the structure
PBS
Nov 29, 2012 6:30pm PST
pretty well here on the frankfurt floor because the unemployment rate showed that the german economy is still in very good shape. although economists are saying that the german economy also has a long way to go until it has bottomed out because the export business will be more difficult in the near future because of weak other economies, but consumption in germany is going up. >> let's get a closer look at those market numbers. germany's blue-chip dax was higher on the day by about 0.8%, closing at a nice, round number. the euro stoxx 50 also higher. the dow jones industrial average as high as well. the bureau is trading for $ 1.2973. >> a german bank is in trouble with the law. prosecutors raided 13 of the bank's locations, including its munich headquarters, in search of evidence of tax evasion. the bank is suspected of cheating the state out of 124 million euros. share transactions between 2006 and 2008 are the focus of the probe. the bank is not alone. investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money
PBS
Nov 30, 2012 6:30pm PST
bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the government of misleading the public about the true c
PBS
Dec 4, 2012 7:00pm PST
forward to a positive impact on the local economy. >>> thailand's auto industry was one of the hardest hit by last year's devastating floods. auto makers are a pillar of the thai economy. with factories ruined production was halted for months. this year has seen a dramatic turn around with record high production as nhk world reports. >> reporter: the thailand international model export is taking place here in bangkok. 38 automobile companies are showing off their new models. thailand's models show is one of the biggest in southeast asia. it kicked up last weekend attracting consumers to a new set of wheels. japan's honda has unveiled an eco friendly new brand for asian markets. rival nissan is showing it is popular compact car with more options to customize the interior of body color. 2012 has been a landmark year for the thai auto industry. annual production passed 2 million units. >> translator: today is the day we celebrate the great success of the local automobile industry. i believe we will be back celebrating production of 3 million units in the very near future. >> translator: we co
PBS
Nov 29, 2012 7:00pm PST
.s. gdp. it's been revised upwards. commerce department officials say the economy for the july to september quarter dp eer grew a annualized 2.7%. exports were revised to mark an increase of 1.1%. earlier predictions headed for fall of 1.6%. housing investment was revised slightly down toward to 14.2% but maintain strong growth. >>> consu consumer spending was revised down 0.6 points to a growth rate of 1.4%. overall gdp mark significant growth but uncertainty remains. consumption is growing. there is the fiscal cliff to consider. >>> now let's turn to japan. the jobless rate in october remained flat compared to the previous month. the internal affairs ministry said unemployment stayed at 4 4.2%. officials at the labor ministry say the ratio of job vacancies to seekers declined. it says 80 positions were open for every 100 job seekers. the industrial output posted an increase in october for the first time in four months. the index stood at 88.1 against a reference value of 1205. this was due to increases in the electronic parts and devices industry as well add the fabricated me
PBS
Dec 3, 2012 7:00pm PST
in 2009. candidates will outline their view on how to right the japanese economy. they'll outli they're vision for how to supply the country's energy need after the nuclear disaster in fukushima. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. >>> there's another launch of long rang ballistic miss. >> caller:. there mi missile. north korean officials say the launch will happen between december 10th and 22nd be the rocket will head south. may that he had similar preparations in april. that launch ended in failure. they've given their schedule and planned trajectory to the u.n. in charge of maritime safety. officials with the international maritime organization say the north koreans plan to launch between 7:00 a.m. and noon local time. the first stage of a three stage missile is expected to fall in the yellow seat west of south korea. the second is expected to land east of the philippines. alerts to shipping companies have been issued. government officials in seoul have seen the scenario before. foreign ministry officials met separately with envo
PBS
Nov 28, 2012 6:30pm PST
have difficulties in meeting the payments on other bonds. latin america's third biggest economy could be headed for another debt crisis. >> they certainly have the power to send the financial markets into a tailspin. we are, of course, talking about the ratings agencies. >> after years of dithering and delays, brussels has agreed to a set of controls designed to limit their influence, but critics call it a miniature reform that misses the mark. >> weather it is greece, spain, portugal, or italy, eurozone crisis countries have had credit ratings consistently downgraded by the major ratings agencies. a lower credit rating usually means countries have to pay higher interest on any loans they take out. they can also cause turbulence in financial markets. the european union has introduced new rules to limit their effect. other agencies will have to publish their ratings outside of stock exchange opening hours. i also have to disclose the criteria by which they make decisions, and the rules should make it easier for agencies to be sued if they have made errors when reading a country's credi
PBS
Nov 28, 2012 7:00pm PST
about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan for an economic partnership agreement. japan would have to agree to ports o jape aalaian i f french protecting its public works sector as well asaigltmarket. >>> the european commission is bming to the rescu it has agreed to bail out the banks as part of a $48 billion benconrehabilitation plans subm by r
PBS
Nov 30, 2012 7:00pm PST
. the country may be exploring ways to develop its economy quickly by maintaining close relations with both superpowers. jun kobayashi, nhk world, yangon. >>> from one controversial mineral project to another, and this time in malaysia. a plant for refining rare earth metals has begun operations one year behind schedule, but protests continue by local residents concerned about the impact on health and the environment. australian mining company lynas began refining rare earths on friday at the plant in malaysia's central state of paham. the facility is the largest of its kind outside china. lynas plans to use it to produce about 22,000 tons a year of rare earths including neodymium. the substance is a key component of electric vehicle motors and other high-tech products. china dominates the rare earth market, and companies looking to diversify their supplies are keeping a close eye on developments at the plant in malaysia. and japan hopes to secure one-third of its annual supply from the facility when it reaches full capacity. start-up was delayed for more than a year amid protests by local
PBS
Dec 3, 2012 6:30pm PST
states came in. on the other hand, chinese economic data looked quite good. it indicates that the economy in china is expanding again. that means that german companies can hope for new orders from china again, and the markets here can hope for new chinese money to be invested soon into german assets. >> let's take a quick look at some market numbers. the dax ended the day almost 1/2 of 1% up. the euro stoxx 50 closed up at 2582. the dow jones is currently going down about 1/4 of 1%. the euro is trading $1.3660. we turn our attention to syria, where the human cost of the civil war is not limited to loss and destruction inside the country. some half a million summer -- syrians are refugees in neighboring countries. >> for those studying abroad in europe, the anxiety about the safety of their loved ones can beat all consuming -- can be all-consuming. >> this man is torn between remaining where he is and returning to war-ravaged syria. he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his fami
PBS
Dec 4, 2012 6:30pm PST
to turn the country's economy around. today, new figures were released showing the number of people out of work is at a new record high. >> some 4.9 million spaniards are currently registered. that's an unemployment rate of some 25%, and many fear the situation is going to get worse before it gets better. >> long queues at the unemployment office had become a familiar sight in spanish cities, and they keep getting longer. the number of jobless rose for a fourth consecutive month in november. almost 500,000 more are out of work compared to a year ago. >> i wish there were more jobs. we are sinking in unemployment. >> i think the bad situation we are in is going to last at least another two years. >> the government, of course, hopes that is not the case, but so far, it has not had any success in bringing down the jobless rate. >> these are obviously very bad numbers. unemployment continues to rise. we work hard every day to try and change that. we are dealing with a crisis. >> critics at home city government's approach of cutting spending is not working. last week, demonstrators protested
Search Results 0 to 11 of about 12